You are currently viewing: News



12-04-2017

Total-Hanwha JV invests $450M to expand its refining & petrochemicals platform

Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest to expand its Daesan refining & petrochemicals integrated platform. The planned $450 million investment will increase the site’s ethylene capacity by 30% to 1.4 million tons per year.
 
Daesan is one of Total’s six world-class integrated platforms and a strategic asset for Hanwha. This site which is comprised of a highly flexible condensate splitter, a competitive steam cracker and polymers, styrene and aromatics units, generated a net result of nearly $1 billion in 2016.
 
The extension will significantly increase the site’s flexibility, enabling it to process competitively priced propane feedstock which is abundantly available, notably due to the shale gas revolution in the United States. The expansion project is set to be completed by mid-2019.
 
The additional ethylene production will meet local demand and also supply the nearby fast-growing Chinese market which imports a significant part of its ethylene requirements.
 
“This project is part of our strategy to invest in world-class integrated platforms to develop petrochemicals based on competitive feedstock and targeting high-growth markets,” said Bernard Pinatel, President Refining & Chemicals of Total. “The investment reflects the strong partnership with Hanwha and will contribute to the growth of our Refining & Petrochemicals cash flows.”

Sponsor : 

Other News Items

Emerson expands Plantweb digital ecosystem with new dual mode wireless gateway

With more than 10 years of wireless infrastructure and technology development experience, Emerson today announced a new dual-mode wireless gateway which supports both ...

21-06-2017

S-Oil Corporation adopts Axxim™ software package from Lloyd’s Register

Lloyd’s Register, the leading provider of engineering and technology centric professional services, is awarded a new contract from S-Oil Corporation covering the ...

20-06-2017

CB&I announces record production rates at propane dehydrogenation plant

CB&I and SK Advanced Co. Ltd are celebrating the record production rates and outstanding operation of a propane dehydrogenation (PDH) plant in Seoul, South Korea. ...

19-06-2017

YANOS refinery commissions new Group III-quality base oil production facility

A new facility for production of Group III-quality base oils has been commissioned at the JSC Slavneft-YANOS refinery, part of OAO NGK Slavneft, a joint ...

15-06-2017

Keyera partnership signs sour gas processing plant agreement with Jacobs

Jacobs Engineering Group Inc, has signed an engineering services agreement with Keyera Partnership, which operates one of the largest independent midstream energy ...

14-06-2017

Is digitalisation the key to remote plant operation?

There have been many advances in the field of digitalisation in recent years. As the industry moves towards remote operation it is plant optimisation and integrity management ...

13-06-2017

MMEX Resources announces plans to start large-scale Permian Basin refinery

MMEX Resources Corp, a development-stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and ...

13-06-2017

CB&I announces multi-technology contract in Kazakhstan

Chevron Lummus Global (CLG) today announced it has been awarded a contract by TOO Hill Resources (HILL) for the license and engineering design of a grassroots Lube Base ...

12-06-2017

Honeywell to acquire industrial cyber security software leader Nextnine

Honeywell announced today that it has signed a definitive agreement to purchase Nextnine, a privately held provider of security management solutions and technologies ...

12-06-2017

Baker Hughes and GE reach agreement with DOJ to complete proposed transaction

Baker Hughes Incorporated and General Electric Company announced today that they have reached an agreement with the Department of Justice that would allow the parties ...

12-06-2017